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oil refinery

The European Oil Refining Crisis [Video]

December 17, 2012 by Kasper Peters
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The oil refining sector in Europe is suffering from over-capacity, restructuring and planned closures, and the European Commission held a second conference on the oil refining sector on 26 November. Hughes Belin, leading energy journalist for viEUws - the EU Policy Broadcaster, met Richard Howitt MEP (S&D), to discuss the European oil refining crisis.[read more]

Exports Raise the Bar for US Strategic Petroleum Releases

August 28, 2012 by Geoffrey Styles
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Oil Pumps via Shutterstock

I've seen a number of Tweets suggesting that the US will release oil from its Strategic Petroleum Reserve (SPR) sometime in the next month or two, perhaps in tandem with other member countries of the International Energy Agency.  Although circumstances might provide several possible rationales for such a release, including the...[read more]

Infrastructure Obstacles in North American Oil Development

June 29, 2012 by Jesse Parent
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The two biggest sources of oil in North America produce significantly different types of oil, and the lack of infrastructure to link those sources to proper refineries results in higher costs and less competitiveness on the global oil market.[read more]

How Much Oil Does the World Produce?

June 26, 2012 by Robert Rapier
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In the first installment of this series, I took a look at U.S. and global oil reserves according to the 2012 BP Statistical Review of World Energy. Today, I want to examine oil production statistics since 1965. Highlights of this article and topics that will be explored include:New global oil production record set in 2011, but the...[read more]

Delta Buys Oil Refinery; Should Others Follow?

May 2, 2012 by Christina Nunez
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Delta is worried about global oil price fluctuations - is buying an oil refinery an effective solution?[read more]

Southwest Airlines’s hedges

May 2, 2012 by Michael Giberson
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“We don’t know where the price of crude is going to be,” says [Southwest Airlines's Chris] Monroe. But, he adds, “I think we have to be generally bullish just because we’re trying to protect against an increase … So we have a little bit of a bias that prices may go higher.”He chuckles that he and [former SW treasurer Scott] Topping,...[read more]

Buying Your Own Refinery

April 9, 2012 by Geoffrey Styles
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Has the high cost of fuel got you down? Why not buy your own oil refinery? That's apparently what Delta Air Lines is considering. With jet fuel purchases constituting one of the largest operating costs for carriers like Delta, and with several refineries in the Northeast US facing permanent closure due to poor profitability, it's not...[read more]